Amid South Korea's preparation for a new phase of digital asset regulation, a consortium consisting of Hana Financial TI, XRPL Korea, and Axelar successfully completed a proof-of-concept testing of mechanisms for issuing and circulating a stablecoin pegged to the Korean won (KRW) on the XRP Ledger.
Bitcoin trades above $77,000 on Friday morning as Bitcoin ETFs saw $14.8 million in net inflows on Thursday, while Ethereum ETFs reported $23.6 million in net outflows. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $77,805 Ethereum (CRYPTO: ETH) $2,305 Solana (CRYPTO: SOL) $84.38 XRP (CRYPTO: XRP) $1.39 Dogecoin (CRYPTO: DOGE) $0.1081 Shiba Inu (CRYPTO: SHIB) $0.056303 Meme coin market capitalization is trading 1.3% higher to $36.6 billion over the past 24 hours.
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During an online discussion between Ripple CTO Emeritus David Schwartz and an XRP enthusiast on X, Schwartz dismissed claims that the price of XRP could hit a $10,000 mark in the future.
Ripple Labs has unlocked another 1 billion XRP from the escrow account on May 1, 2026.
While its underlying network activity is subtly increasing, XRP is in a complicated state. According to on-chain metrics, the number of active users is getting close to 200,000, with recent readings of about 184,000.
Former Ripple CTO David Schwartz pushed back against renewed claims that XRP could reach $10,000, arguing that the market itself already provides a reality check on such extreme price targets. In an exchange on X, Schwartz framed the issue less as a debate over belief and more as a question of rational capital allocation: if sophisticated investors truly saw even a small chance of that outcome, why has XRP not already been priced far higher?
XRP is struggling to hold the $1.35 level as the price consolidates within a long-term range that has tested the patience of bulls waiting for a decisive break in either direction. The surface picture is uninspiring — a market grinding sideways without conviction in either direction.
Ripple (XRP) is hovering just below a key technical ceiling at $1.40, with traders weighing steady inflows into spot XRP ETFs against weakening liquidity and renewed macro uncertainty. While community sentiment has improved following the opening of the ‘XRP Las Vegas 2026' conference, the token's near-term direction appears likely to hinge on whether bulls can reclaim $1.40 with convincing volume.